Market volatility persists as S&P 500 sinks 5% amid coronavirus fears
Photo: Spencer Platt/Getty Images
Stocks closed down more than 5% on Wednesday after a volatile day that saw trading halt for the fourth time this month amid novel coronavirus concerns.
Why it matters: Stocks swung lower as the White House unveiled its stimulus plan, before recovering some ground. The S&P 500 is 29% below its February record-high.